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  #1  
Old 11-20-2013, 11:31 PM
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Anyone Buy/Sell Stocks themselves?

Thinking about, well actually getting into investing somewhat, on a small scale for now. I know its risky and you have to be really smart about it. I have little experience from some simulators and such things like that. Been doing lots of research and stuff.

For now im just going to start with 500$ on Etrade. Im prepared to lose some during my learning curve.

Some of the areas ive been looking into was 3d printing such as SGLB ONVO DDD VJET, ive noticed due to hype it went up but now its going down recently quite abit. Anyway its just one area ive been paying attention to.

Anyone have any Tips, or suggestions for someone new to the game?
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  #2  
Old 11-21-2013, 08:14 AM
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Don't invest in the "cool" companies, ie Facebook Twitter etc. mainstream stocks aren't for crazy growth unless you get a startup and it blows up. That's the gamble.

I'd stick to energy, manufacturing, and international investments personally.

Stock trading is like legalized gambling man but it's too much for my knowledge, I have a broker who trades for me, and some steady growth in mutual funds through him as well as a diverse portfolio. If the market didn't rebound like it did in 2012 I probably wouldn't have my house as I cashed out a decent amount in addition to my own cash savings for my down payment. my portfolio was down 45% at the start of the recession, now it's hugely down bc of the house withdrawals but the things I'm invested in are up substantially since pre2009
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Old 11-21-2013, 05:53 PM
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No MktMaven here, but I have been self directed with my portfolio for the past 3 decades...

Whether it's $500 or $5000 or $50,000, investing/trading with 'fun money' is fun, and if one can stay out of the emotions involved, it can be a very good learning process.

So, I won't say don't throw $500 or some affordable dollar number at ETrade account, et al, and give it a try. I would avoid day trading, as even on ETrade the costs really chip away. And, investing/taking a flyer/learning is not about wringing your hands every afternoon at 2:30 PM, as to whether you want to 'hold position' over night, or not.

Your four stocks you tossed up are interesting, though I would take a Pasadena on SGLB, as the people that have made any real dough on penny stocks are similar in number to those that make money in Vegas, or with the trotters.

The two 3D companies are interesting, though they would have been a lot more fun back in Jan '13, as they have appreciated a ton this year; outlook? No fookin idea, but 3D isn't going away, but picking the players is tough at this time.

Back at the Investment Ranch, that is the underlying problem: picking stocks.
Most of us can't do it very well, including the overpaid mutual fund 'managers', imo.

I pick some for fun, (with that 'fun money' I ref'd above), but I select most for my real portfolio because I feel a certain stock(s) offer considerable value and potential price appreciation over time, and pay some dividends now, and in the future. At my age, I am not rolling the dice, or betting my houses.

I have a substantial taxable account and a large IRA, (non-taxable until I must start withdrawals at age 70 1/2), and they are full of individual stocks, a few mutual funds, a lot of cash/cash equivalents, a few bonds, (bonds suck, imo, except for a few that are still paying 5-6% and haven't been 'called'), and a lot of Index Funds.

Index Funds are low maintenance cost, and trail/track nearly any kind of mkt index one wants. ETFs are the thrill of the past couple years, but so what...

Vanguard or similar, Index Funds, kick azz over time. I don't have a lot of time left, per se, but you younger guys do. Unless one thinks the world is coming to an end, wait for a strong pull back, and plow some dough into Dow, Russ 2000, NAZ, et al, via some very low cost Index Fund. Very few Mutual Funds beat the Indices Funds in any time frame comparo, and esp over 'time'.

Not going to lecture on what/how to buy, but I appreciate your initiative: take the $500 or a thou and go have some fun. Learn about Stops, trailing stop losses, sell points, how to read a time price chart, balance sheet, Free Cash Flow, et al. Those kinds of buzzwords and a basic understanding of how a company operates, will save you dough if one/some of your company picks or the Mkt takes a dump, and those terms will force you to learn how these things work, and work for you. Stops of some kind, as well as sell points, also force one to keep the fooking emotion out of the equation, as well as reducing one's greed, imo.

DO NOT BUY ON MARGIN...don't even think about it.

And, if you have a job that offers 401k, start packing as much as you can afford/the company allows: there will be little SS dough when you kiddies get to be my age.

Spend more wisely, save, save, save...regardless of your young age(s), and you might get to retire in your early 50s as I did, 14 years ago.

Investing 101, class dismissed.
GL, mD
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Last edited by motordavid; 11-21-2013 at 08:28 PM.
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  #4  
Old 11-21-2013, 10:15 PM
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Wow thanks for all of the info and taking time to write all of that out RickyBobby and mD
learned a few things.

The reason im thinking of choosing sigma labs SGLB, is ive been reading lots of good things about it and had many people suggesting it to others...also it is cooperating with GE and Honeywell aresopace and is set to present something soon.
Read Here:Only One 3D Printing Stock Bounced off its 10 Day Moving Average in the Meltdown « 3DPrintingStocks.com

Also what do you know about FNMA? this is also not the first time this week ive heard about this one.
Thinking about doubling my FNMA position.. : stocks

On monday or tomorrow ill most likley be getting the SGLB stock, 1k shares or so
Ill just see how it goes, i wont get upset if ill lose some, ill just make it back detailing someones car.
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Old 11-21-2013, 10:30 PM
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What about forex trading? is it a simpler way to grasp the ropes?
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